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A buyer wanted for the most expensive Dubai’s apartment

27.08.2015
A buyer wanted for the most expensive Dubai’s apartment
US $ 49.29 million put up for sale by Dubai’s developer Omnyiat.

The cost of US $ 49.29 million, for which Dubai’s developer Omnyiat is willing to sell an eight bedroom apartment in its the One residential complex on the Palm Jumeirah, makes this apartment the most expensive real estate property of its kind in Dubai.

Omniyat decided to make this phenomenal offer to potential Dubai’s super-premium property buyers on the eve of the official presentation of additional exclusive property in the One, Anantara Residences and THE DUKES Oceana complexes at Cityscape Global in September.

According to the official unit’s description presented by Omnyiat, the most expensive apartment in Dubai, with a total area of 42,477.58 square feet, includes 8 bedrooms and seven bathrooms. The living area of the penthouse is 25,836.59 square feet, with another 16,640.99 square feet occupied by a private balcony with panoramic views of the sea and Dubai Marina skyline. The apartment’s ownership also includes an opportunity to place 12 cars in parking spaces reserved for the apartment’s owner.

In addition to the facilities within the exclusive property, the owners of the most expensive apartments in Dubai will also benefit from many advantages available only to residents of the One, such as indoor and outdoor pools, a super-luxury spa, a cinema and a yacht club.

The One residential and hotel luxury complex, which is developed on the Palm Jumeirah Island by Omnyiat in partnership with Drake & Scull International, will consist of 90 luxury apartments situated on 25 floors. The tower’s completion is planned for 2017.

Previously, an apartment in the world’s tallest tower Burj Khalifa, sold in 2014 for US $ 16.34 million was considered the most expensive apartment in Dubai, while a five-story penthouse in the Odeon Tower in Monaco worth US $ 400 million is known to be the most expensive apartment in the world.

Latest Availability
SALE
6,800,000
Ref.No: AP1113
3BR Apt
3,003 ft2
2,264 AED/ft2
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8,200,000
Ref.No: AP972
3BR Apt
3,750 ft2
2,187 AED/ft2
SALE
2,350,000
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1BR Apt
1,308 ft2
0 AED/ft2
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Lease process (Rent out)
Contract of the lessee and agency.

1 hour

Contract of the lessee and agency.

Required documents:

  • copy of the passport
  • copy of the certificate of ownership
Ad placement

1 day

Ad placement:
  • 20 real estate portals;
  • client base of the agency;
  • profile exhibitions, etc.
Signing of the lease agreement

Up to 2 days

Signing of the lease agreement
Expenses of the seller:

None

Additional services:

Property management

Lease process (Rent)
Contract of the lessee and agency.

1 hour

Contract of the lessee and agency.
Real estate search.

Up to 5 days

Real estate search.

Selection of optimal options.

Signing of the lease agreement

Up to 2 days

Signing of the lease agreement
Expenses of the lessee:

-5% agency commission of the annual contract price

Additional services:

None

Purchase process
Contract of the tenant and agency.

1 hour

Contract of the tenant and agency.
Property Selection

~ 2 weeks secondary

~ 3 weeks new building

Property Selection

Selection of optimal options

Registration of the contract of purchase / sale

1 Week

Registration of the contract of purchase / sale
Customer charges:
  • 2% from purchase at transaction
  • 4% - registration of the transaction at registration
Additional services:

Property management

Sales Process
Contract of the lessee and agency.

1 hour

Contract of the lessee and agency.

Required documents:

  • copy of the passport
  • copy of the certificate of ownership
Ad placement

1 day

Ad placement:
  • 20 real estate portals;
  • client base of the agency;
  • profile exhibitions, etc.
Signing of the lease agreement

Up to 2 days

Signing of the lease agreement
Expenses of the seller:

None

Additional services:

None

the management process
Contract of the owner and agency

1 hour

Contract of the owner and agency
Rendering of management services

1 year

Rendering of management services
Reporting

1 day

Reporting
Expenses of the owner:

5% of the annual rental price

Additional services:

None

Investment Process
Contract of the tenant and agency.

1 hour

Contract of the tenant and agency.
Selection of optimal investment options

From 3 days

Selection of optimal investment options
Registration of the contract of purchase / sale

1 Week

Registration of the contract of purchase / sale
Expenses of the investor:
  • 2% when investing in the secondary market
  • 0% when investing in a new building
  • 4% - registration
Additional services:

Property management